Georgia on the brink of a recession, according to new Moody's research

While economists have not declared a nationwide recession, new research from Moody’s Analytics reveals many states are experiencing or are on the brink of a recession.

Georgia, 21 other states and the District of Columbia are all being flagged. Moody’s chief economist Mark Zandi said he was surprised to find Georgia among the at-risk states; however, he reports a significant pullback in domestic immigration, and high home values are contributing factors.

For Monday’s edition of “Closer Look,” program host Rose Scott talked with Moody’s Analytics senior director, Adam Kamins. He talked more about the many recession indicators in Georgia and how the state can respond to help its residents. He also discussed the uncertainty surrounding the federal government shutdown and why he believes Georgia and the Atlanta economy are well-positioned long term.